Presented below is the 2021 Income statement and comparative balance sheet Information for Tiger Enterprises 57,000 53,360 240 200 1,800 TIGER ENTERPRISES Income Statement for the Year Ended December 31, 2021 (5 in thousands) Sales revenue Operating expenses Cost of goods sold Depreciation expense Insurance expense General and administrative expense Total operating expenses Income before income taxes Income tax expense Net income Balance Sheet Information (5 in thousands) Assets Cash Accounts receivable Inventory Prepaid Insurance Equipment Lesst Accumulated depreciation Total assets Liabilities and Shareholders' Equity Accounts payable Accrued liabilities (for teneral & administrative expense) Income taxes payable Notes payable (due 12/31/2022) Common stock Retained earnings Total liabilities and shareholders' equity Dec. 31,2021 5 300 750 640 50 2.100 (840) 53.000 5,500 1,500 (600) 5900 Dec 31, 2020 5 200 830 be 20 1.000 (600) $ 2,650 $300 3360 400 150 600 300 200 300 900 500 33,000 100 540 52,850 Required: Prepare the cash flows from operating activities section of Tiger's 2021 statement of cash flows using the direct method Assume that all purchases and sales of Inventory are on account, and that there are no anticipated bad debts for accounts receivable (Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands.) TIGER ENTERPRISES Statement of Cash Flows For the Year Ended December 31, 2021 (5 in thousands) Required: Prepare the cash flows from operating activities section of Tiger's 2021 statement of cash flows using the direct method Assume that all purchases and sales of inventory are on account, and that there are no anticipated bad debts for accounts receivable (Amounts to be deducted should be Indicated with a minus sign. Enter your answers in thousands.) TIGER ENTERPRISES Statement of Cash Flows For the Year Ended December 31, 2021 is in thousands) Cash flows from operating activities Net cash flows from operating activities 0

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